M&A Deal Summary

ZP Better Together Acquires Purple Communications

On February 15, 2017, ZP Better Together acquired communications company Purple Communications from Clearlake Capital

Acquisition Highlights
  • This is ZP Better Together’s 1st transaction in the Communications sector.
  • This is ZP Better Together’s 1st transaction in the United States.
  • This is ZP Better Together’s 1st transaction in California.

M&A Deal Summary
Date 2017-02-15
Target Purple Communications
Sector Communications
Buyer(s) ZP Better Together
Sellers(s) Clearlake Capital
Deal Type Add-on Acquisition

Target

Purple Communications

Rocklin, California, United States
Purple Communications, Inc. is a provider of high-quality video relay service available from multiple platforms – TV, desktop, laptop, tablet and smartphone. Purple provides customers on-site interpreting services and video relay interpreting, delivering a wide array of options to meet the varied communication needs of businesses and customers, collectively make communicating with both the Deaf world and the hearing world accessible to all.

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Buyer(S) 1

Buyer

ZP Better Together

Austin, Texas, United States
Category Company
Founded 2006
Sector Communications
DESCRIPTION

ZP Better Together is a nationally recognized video relay service provider that enables Deaf and Hard-of-Hearing individuals to communicate with hearing people worldwide. The company provides videophone hardware, software, and accessories designed to allow for a real-time video connection with certified ASL interpreters who relay conversations between parties. ZP Better Together was founded in 2006 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 13 of 38
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 5 of 14
State (California) 3 of 6
Country (United States) 13 of 35
Year (2017) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Swiss Watch International

Hollywood, Florida, United States

Swiss Watch International is a provider of fully integrated online retailers and multi-channel distributors of watches, accessories, and apparel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 NetDocuments

Lehi, Utah, United States

NetDocuments is a provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. Today, the Company’s innovative end-to-end platform combines robust security, encryption, and compliance features with easy-to-use functionality that addresses the evolving needs of today’s professionals. NetDocuments was founded in 1999 and is based in Lehi, Utah.

Buy -
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